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'm not to talk about the guy is behind social security and medicare, and then talk about medicare because that's the big driver of our deficits right now. you know, my grandmother -- some of you know -- helped to raise me. my grandparents did. my grandfather died a while back. my grandmother died three days before i was elected president. she was fiercely independent. she worked her way up, only a high-school education. she ended up being vice president of the local bank. she ended up living alone by choice. and the reason she to be independent was because of social security and medicare. she had worked all her life, put in this money, and understood there was a basic guarantee, a floor under which she could not go. that is the perspective i bring when i think about what's called entitlements. the name itself implies some sense of dependency on the part of these folks. these are folks who have worked hard, like my grandmother, and there are millions of people out there counting on this. so my approach is to say, how to strengthen the system over the long term? and in medicare, we did was said,
will talk about it. >> it accounts for a huge proportion of total medicare spending. by the way, one reason is the first thing in our article is getting medicare costs under control is the number one priority. it is the most untouchable thing. but that will cause more trouble than any other problem we have got fiscally in the united states. getting medicare costs under control is the number one thing. >> you say we also surcharge smokers and the obese for their medicare coverage. where did that idea come from? >> it came from us. i am the person who put it in the memo. i did not have to fight very hard for it. i ran into this in the washington post, where instead of calling people morbidly obese, i called the mega fatties -- them mega fatties. i was rebuked for being insensitive, which i guess i am. this is another thing where everyone knows it to be true and some has to pay for it. i am not saying you should bankrupt people if they are too heavy. but there should be penalties. i am not really a democrat, but a democrat compared to him. you have to be responsible to some extent for your per
b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, medicare supplement insuranc
to reform medicare, listen. >> when you move to a voucher system you are putting seniors at the mercy of those insurance companies, and over time if traditional medicare has decayed or fallen apart then they are stuck, and this is the reason why aarp has said that your plan would weaken medicare substantially. >> reporter: well that response brought a sharp rebuke from the aarp which right after the debate put out a statement that said, quote, aarp has never consented to the use of its name by any candidate or political campaign. it seemed, jon, last night president obama just couldn't get a break. jon: wow smacked down at every turn it seems. john roberts. >> reporter: smacked down by the aarp. jon: whacked. thanks, john. jenna: many analysts are saying it was a victory for governor romney. that's one of the things we'll be talking about, including with bill crystal writing this in the "weekly standard." quote, mitt romney stood and delivered the best debate performance by a republican presidential candidate in more than two decade. let's bring in a.b. stoddard the associated editor
they tell us about where the economy is headed. [ male announcer ] are you considering a new medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you st
medicare plan? then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts a & b with prescription drug coverage? a medicare advantage plan can give you doctor, hospital and prescription drug coverage all in one plan... for nothing more than what you already pay for part b. you'll also have the flexibility to change doctors from a network of providers dedicated to helping you stay healthy. plus with the pharmacy saver program, you can get prescriptions for as low as $
to cut medicare. you said, there you go again, mr. president. what did you do after the election? you tried to cut $20 billion out of medicare. [applause] when you say, there you go again. people remember this. people will remember you signed the biggest tax increase in the history of california and the biggest tax increase in the history of the united states. what are you going to do? you have a $260 billion deficit. you will not slow defense spending. you refuse to do that. >> mr. mondale, your time is up. >> as we get closer to the first presidential debate, we are looking back at the dates from our archives starting with president reagan and walter mondale at 7:00 eastern. later in the evening, the 1992 debate between george bush, bill clinton, and prospero -- ross perot. >> republican vice president joe candidate paul ryan is making campaign stops in new hampshire and ohio. here is his campaign rally from this morning in new hampshire. he speaks for about half an hour. ♪ >> thank you so much for coming out, everybody. thank you so much. thank you for hosting us. thank you for s
and understand what's important to you. it's how we help you choose the right humana medicare plan for you. because when your medicare is taken care of, you can spend more time sharing your passions. wow. [ giggles ] [ male announcer ] with the people who matter most. i love you grandpa! i love you grandma! now you're a real fisherman. [ male announcer ] humana. >> today we are learning some disturbing details about a brawl that have been behind a bar and involved four students. it all happened after a game. baltimore city police tell us set police tried to break up the altercation and requested back up. when police responded and tried to separate the two teams, a volunteer pushed and shoved staff members, grabbed a student by the collar and punched a player in the head. the player was wearing his helmet. apparent told officers she also saw him stop on her son. parents spoke with another student -- parents of another student said they saw him punched their child. he faces counts of second-degree assault. a man kidnaps his own roommate and then holds him for ransom. police arrested 29-year-
as a director of nursing. she has said they are not going to be taking any more medicare patience. these people who depend on this are not going to be able to get what they need it. it will not work. i really thought romney hit all the points. i thought he laid out how he was going to do it. i think obama did not -- host: what do you do in akron? caller: i currently am on disability. it is because of a health problem. i know some people who are dependent on those payments are mostly obama supporters -- and i did vote for obama in the last election. but i hope to work a job in the future. host: being on disability, up what were your thoughts about the 47% comment that mitt romney made? caller: i kind of agree with what he said. i do not believe all of the 47% -- there are quite a few people who are just lazy and when the government to support them. i think he does have to focus on the people who are working, because they are people paying the taxes. it is their money being used for all these programs that are a waste of money. the people who are paying into the medicare system and the deficit is
and romney are arguing over who is going to spend more money on medicare would need to have a reading debate and discussion on this country on how we slash medicare spending because if we do not, i believe we will find ourselves in the midst of a monetary collapsed as a result of continuing to borrow and spend money to the tune of 43 cents out of every dollar we spend. host: so what do you see on that particular issue? what is your prescription? pardon the expression. >> i oversaw the or form of medicaid in the mexico when i was governor of new mexico. we ticket from a fee-for- service model to a managed-care model. we saved hundreds of millions of dollars, set up better health care networks for the poor. i believe if the federal government would have a lot granted the state of new mexico 43% less money, and done away with all the strings and the mandate, i could've effectively oversee the delivery of health care to the fore. i think you apply that same template to medicare, health care for those over 65, get the federal government out of the health-care business completely , give it up to t
battleground state. telling them that medicare will be around for future generations. >>> the actions of the president took to strengthen the medicare trust and exceeded this life of a 2024. >>> president obama and mitt romney are prepping for the first debate. to get help from the ohio senator will play the role of the present. and president obama will look to the massachusetts senator to stand in for mitt romney. and behind in recent polls, some campaign watchers say that mitt romney has more riding on the debates and to gain for the president >>> the president has a chance to show is competent to stand up against the president of the nine states. and to accomplish that and wins the first debate >>> wednesday's debates give both canada's a chance to explain it plans for health care in the economy. >>> the women are obviously kinda unusual if this election. if they're more interested in men and issues affecting their pocketbook. >>> to your daughter welcome to america. your share of the debt is over $50,000. >>> a recent poll shows that 51 percent of men favor mitt romney and 54 perc
called my aunt. wait a minute, i knew romney was going to privatize medicare and they are leaving that out. if you are issue oriented when you hear romney say i am going to voucherize medicare you are concerned. >> it is not just about medicare, benjamin. he said he will not raise taxes. he will cut spending and cutting spending you take those dollars to decrease taxes. small businesses have been taxed enough. the reason why we have the tea party, we are taxed enough already . the bottom line, obama came up with great friends but 47 million people are on food stampings. >> you seem to disagree with a lot of pundits who said obama didn't do his best last night. romney won hands down. body language alone. if you looked at the debate. president obama looked down a lot. and looking at his notes. what about the body language. >> i thought body language. styliically romm rom was the winner. no one disputes that. but the substance issues, when you look at the fact that mitt romney got out there and said, he's not going to voucher -- he will medicare and cut taxes. what i find interesting
that cheap. >> with medicare, there is a new push to crack down on fraud and investigate suspicious claims. james miller told us this week about dr. larry bernhardt's that had been making his money by ripping off medicare and billing the government insurance plan for care he did not provide. they showed how easy it is to cheat the system out of millions of dollars. a federal strike force charged 91 people including doctors and nurses with allow bread fraud schemes adding up to $429 million in false billing. the washington bureau reporter joins us at a normal day -- at an alarming rate that is causing taxpayers big time. >> medicare fraud is one of the largest of its kind in medical history. officials from state, local, and federal troops have been -- the health and human services secretary said officials are working on making it harder for crux to submit fraudulent claims. they're looking at a tougher procedures for buyers and suppliers that want to participate. >> fraud not only rob's taxpayers, but also jeopardize the future of the programs that more than 100 million americans depend on
good news for patients and consumers. we're using head care's -- we're using medicare's coverage to help provide more efficient care and higher quality care by withholding 1% of medicare payments to about 3,000 hospitals. medicare authorities can then redistribute and that $850 million to reward hospitals that perform the best. the second part of approving equality of care comes from encouraging hospitals to lower the rate of readmissions. it gets very expensive if we don't get people treated the first time around. so hospitals with high rates of readmissions will lose up to 1% of their medicare payment until they can improve conditions and care. both of these improvements are an effort to get away from a system that pays for quantity of procedures and care as opposed to quality of care. it is all good news for us. we'll be back with more after the break. presidential debate. with unrivaled analysis and commentary. >> you're going to hear that used as a major talking point. (vo) the only network with real-time reaction str
, including medicare. find your co-pay at myflexpen.com. try our new lunch-size grilled chicken fajitas, with sauteed onions and peppers, served with soup or salad. lunch break combos, starting at 6 bucks. enjoy them with friends, because a lunch together feeds the friendship. >>> welcome to cbs "this morning." arnold schwarzenegger tells "60 minutes" what he didn't like about a famous movie line and what he did like about maria shriver when they first met. her cousin is running for congress. we'll catch up with joseph kennedy iii on the campaign trail as he tries to revive the kennedy political dynasty. but first here's a look at what's going on in the world and what we've been covering on cbs "this morning." >> afghan sources tell cbs news a suicide bomber approached a joint patrol before detonating his explosive vest. >> 14 people including three western troops were killed. >> taliban is claiming now to have close are ties with al qaeda. >> a lot of al qaeda members because there's very little command and control left within the organization have found their way back to afghanistan a
for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. just hours after he was fired, killed five people and then himself. among the dead, a 61-year-old u.p.s. driver. another victim, the business owner. that's he in the middle of this photo. today, the mayor described him as a pillar of his community. who even counted the white house among its clients. >> last march, when the white house wanted an example of a good, small local business doing exporting, we offered them this great company. and reuben went to the white house. this morning the white house called remembering that and offered their con dolans to everyone at
watch panel is here to weigh in on that [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help save you up to thousands in out-of-pocket costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. gregg: it is so on, the president and mitt romney hun h u.n. kering down to get ready as
are raising taxes and cutting medicare. in fact, there has been a study released this week. the people look at his spending plans and all of the debt they create and interest that its charge. he will raise taxes on the middle class as well by some $4,000 per family. the american people do not want more taxes. they want less spending and more growth. we will do that and get america back on a balanced budget. [applause] i do not want to raise taxes on any one. this president seems to think that keeping our taxes the same as they are now is a huge tax cut. only in washington would do thing keeping taxes as they are is a huge tax cut. hot i will find a way to bring our taxes down -- i will find a way to bring down our taxes. we will give the middle class a tax break. [cheers and applause] you know when it comes to creating jobs that paul ryan and i have a plan. it is not a repeat of the last four years because we cannot afford four more years of the last four years. it is an entirely different direction. it has five different parts. number one, we will take advantage of our energy, coal, gas, o
revolution taking place in medical care now. it is in medicare website, hospital compare, and it has ratings for hospitals, patient satisfaction scores to my information on whether they follow best practices. some of the information is helpful. some of it is not. but we are seeing a revolution out where the heart surgeon's society is getting ready -- together with consumer reports in a way to measure outcomes. and 40% of hospitals now participate in this outcome performance test. host: 10 in new york on the republican line. -- ken in new york on the republican line. caller: i went into the hospital with a compound fracture of my lower right leg. at a local hospital here i had to read through all of the paperwork there were handing me before i went into surgery. -- they were handing me before winter surgery. -- went into surgery. and it had something to do with the left leg. i was like, wait a minute, i broke my right leg here. now i have to look over these forms again. they had to go back and redo and bring me the correct forms. i was in there for about almost a month. they transferred me t
, the senate, and the president to help people passed social security and medicare and food stamps. any port middle-class or working-class person that boats for a republican -- that votes for republicans -- this world would be back with it was in the 1930's. people to have the minimum wage. \ guest: that was very interesting laying out what is happening in this country. you raise the issue of the minimum wage. the democrats have not been pushing for that to be increased either. this is a very serious issue, the issue of a minimum wage of eight livable wage. -- oh a little -- of a liv able. i agree it is not a liberal media in this country. let's go back to the bombing of iraq in 2003. there was a report of the four nightly newscasts. in a two-week period, colin powell pushing for war in the u. n, it was the final nail in the coffin. he had been hesitant about the war. he was very credible when he came out and said i believe there are weapons of mass destruction. it did not turn out to be true. you look at these four major nightly newscasts and in that two-weeks, six weeks before the bombing
and paul ryan for their medicare reform plan, claiming it will put more financial burden on seniors. >> in pennsylvania, six teenage girls have been charged as adults suspected of viciously beating a woman that police say is mentally disabled. the attack happened just outside philadelphia on tuesday, and it was caught on a cell phone camera. the video was posted on facebook and as you can see, the woman being beaten and stomped as some of the suspects there actually sit on her body as well. she actually was sitting on the front steps. police say the girls chased the woman into her house and continued to beat her with a chair, a shoe, and their fists. here's what the mother of one of the girls had to say. >> i never talked to my child since she went to school yesterday. i have yet to talk to her yet. >> what about your other daughter? >> i haven't talked to her. >> she apparently was the instigator. >> i haven't seen the video and haven't talked to my child. sorry for the things that happened. i have nothing to say. >> they were charged with first degree assault and burglary. they're
-span.org. >> we need to tackle our nation's challenges before they tackle us. we need to strengthen medicare and social security. we're putting ideas on the table to do that. we will save these benefits for seniors and my generation so that these promises are kept. >> they have laid out clearly, they say, what barack obama and joe biden did is they endangered medicare. they stole money from medicare for amacare, and you see the ads in here and everything they say. nothing could be further from the truth. >> october 11, congressman paul ryan and vice president joe biden will face off in their only debate. abc news' martha raddatz moderates, and you can watch our live debate preview starting at 7:00 p.m. eastern, followed by the debate at 9:00. follow our live coverage on c- span, c-span radio, an online at c-span.org. >> up next, a look at the immediate impact last night's debate had on of voters. charlie cook talked this morning with a republican pollster and democratic pollster. this is about 90 minutes. >> morning, everybody. if i could invite you to take your seats, we are going to go ahe
the entitlement programs: social security, medicare, and medicaid. again, paul ryan is the only one who has offered any sort of a program. the president has been totally silent for three years. the democrats have not offered a budget since 2009. it's just shameful. > > healthcare is also on the agenda with the debate. do you think americans are confused about how healthcare actually works with the new reform? > > yes. i sure am. i run a small business, and we're confused as to how healthcare works. i would say over the past three years our premiums have gone up and our coverage has gone down. yes, we're now protected from pre-existing conditions, but, we have much higher deductibles, our premiums are much higher, and i'm getting lower service. > > the problem with obamacare is it was passed in 2009, but it doesn't fully phase in until 2014. this is insanity, because it created so much uncertainty that no small business, which is the engine of jobs growth, will hire anybody until they know what their cost structure is actually going to be like, and we are not going to know that for another y
. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> in the next hour, goldman sachs chief economist, the president of kmart and we'll look at how investing in apple changes lives, free at-home investors who share their hopes and fears online will meet ea
. .. >> the first thing that nr article here is getting medicare costs under control is the number one priority and it's the most untouchable thing. but that is going to cause more trouble than any other problem we have got fiscally in the united states, getting medicare costs under control is the number one thing. c-span: you say we also surcharge smokers and the obese for their medicare coverage. where did that idea come from? >> guest: it came from us. i am the person to put it in the memo but i didn't have to fight very hard for it. also i ran into this, something i ran at "the washington post." i call them megafatty and i was rebuked for this by "the washington post" for being insensitive which i guess i probably am. but this is another thing where everybody knows it to be true and someone has to pay for it. i don't think you should bankrupt people if they are heavy but there should be penalties. i mean i'm not really democrat but i'm certainly -- but you have to be responsible to some extent for your personal behavior. >> guest: quite right and we should point out also we are not the only
of honor. [applause] >> the first thing in our article here is getting medicare costs under control is the number one priority and it is the most untouchable saying. but that is going to cause more trouble than any other problem we've got fiscally in the united states. getting medicare costs under control is the number one thing. >> you say we also surcharged pokers and to be obese for their medicare coverage. where did that idea come from? >> it came from us. i mean, i'm a person to put it in the memo. i didn't have to fight hard for it. i ran into this common something every in the washington post, were sort of calling people morbidly obese a club and the omega fatty. i was being insensitive, which i guess i probably am. but this is another thing where everybody knows this to be true and someone has to pay for. i'm not saying you should encrypt if they're too heavy, but there should be penalties. i mean, i'm not really democrat, but you have to be responsible for your personal behavior. and some is going to pay for it. >> quite right. we should we should point out also for your no
free preventive care last year. texans on medicare have saved $223 million on drug prescription drugs. do you support taking away all these benefits that are very popular with texans? he went to take them away by trying to repeal this law? >> i believe we should repeal this law for two reasons. number one, it is designed to move us inexorably towards single-payer government- provided health care. if you look every nation on earth where socialized medicine is implemented, the result has been poor quality, waiting times, and rationing, putting government bureaucrats between patients and their doctors. the second reason it should be repealed as that i think obamacare was rammed through in a brazen display of arrogance. it was clear it was contrary to the strong views of the majority of people. it is the only major piece of social legislation of modern times to be passed on a strictly partisan vote, only by democrats, despite the fact that brokers in virginia had elected -- the voters in virginia hide rejected a democrat and elected a republican. in massachusetts, the scott brown race was
knowbout the facts, every night like you do, dealing with issues like medicare and social security and with great detail and knowing what the guy on each side has been saying the last couple of days and not hearing it clarified for an audience of 70, $80 million, the big audience should get the news and i don't think they were getting all the news last night. they were getting a romney point of view which was very effective on his part. >> rose: do you think that romney is able to after a performance like this to build on it so that he really does as they say he had to do, get a second look? >> this is going to take some help for the president to stop that from happening. i don't believe the cake is baked as they say. i thought the top guy in philadelphia today and he thought the people are already decided and saying the economy is getting better because they already felt they made the decision so they had to say yes things are getting better and i have to tell you i don't think that is true. i think that there is enough in the middle to change their minds now. and i do belief that
for and how they should react. >> president reagan began campaigning around the nation against medicare. now we have an opportunity to move towards a national health insurance. with the emphasis on prevention of disease. emphasis on outpatient care, not in patient care. holding down the hospital care for those that are ill. emphasis on catastrophic health insurance so that of a family is threatened with being wiped out economically because of a very high medical bills, insurance would help pay for it. these are the kind of elements of a national health insurance important to the people. gov. reagan typically is against such a proposal. >> here we go again. what i oppose medicare, there was another piece of legislation before the congress. i happen to favor the other piece of legislation and thought it would be better for the senior citizens to provide better care that was -- to provide care that was better than the one that actually passed. to guard uc president reagan smiling while carter is giving that answer. the second thing it does is you are already casting doubt on what is being said.
to save and strengthen medicare and social security, and we're putting the ideas on the table on how to do that. we're not going the try and scare seniors, we're going to save these benefits for seniors and for my generation so that these promises are kept. >> they have laid out clearly, they say, that what barack obama and joe biden did is they've endangered medicare, they've stole money from medicare, and they've done it to get obamacare and all this, and you see in the ads, and you hear it in everything they say. nothing could be further from the truth. >> next thursday night, october 11th, congressman paul ryan and vice president joe biden will face off in their only debate. abc news' martha rad dismoderates from center college in danville, kentucky, and you can watch and engage with c-span with our live debate preview at 7 p.m. eastern followed by the debate at 9. and your reaction, calls, e-mails and tweets at 10:30. follow live coverage on c-span, c-span radio and online at c-span.org. >>> this month as the presidential candidates meet for debate, we're asking middle and high school
. meantime, vice president biden attending an event in florida, talked about medicare, sailing that he and the president have strengthed the program and extended its life. >> arthel: as the campaigns crisscross key battleground states voter registration problems widening. questionable forms, eric shawn live in new york city with more. >> reporter: remember voter registration fraud was a huge scandal in tate. it helped lead to the demise of acorn. now suspected fraud has hit again this time connected to a republican connected-firm, 10 florida counties now reporting possible problems. the company strategic allied consulting was hired in five battleground states now fired by the republican national committee and several state parties after over 100 suspect signatures showed up in palm beach county, florida. the company blames onely i out of more than 2,000. saying in part, we were able to identify that the cards in question were all the work of one individual. >> reporter: the supervisor of elections who runs elections in orlando tells us voter registration fraud is a danger. >> any time
current recipients. social security, medicare, medicaid. they will get stuck for the bill. the unfunded liabilities are staggering. very conservative estimate. just the gap between what they're going to tax and what they're going to have to spend. john: no money in anybody's accounts. it's just a promise and there are more old people who expect to get our health care paid for. >> the so-called trust fund is an i/o you. it is in a file drawer in west virginia. it says i/o you. $80 trillion. john: these college students have to pay for it, and their just aren't enough of them because people my age wrigley refused to die. >> well, that is one way to look at it. but even setting aside the life span going up, the system was broke the date was established because it is a pay-as-you-go system. if any private company, insurance company, investment scheme had this financial structure, there ceo would be in prison. in fact, bernie madoff is in prison. he could have been had a social security. [applause] john: after the welfare state. what are they supposed to do? >> the first thing is to understa
Search Results 0 to 49 of about 54 (some duplicates have been removed)